BOSTON – The Federal Home Loan Bank of Boston reported yesterday that an interest in net interest income helped push its net income 44.8% higher for the year, to $195.8 million. The increase in net interest income was driven primarily by higher interest rates, and an increase in average advances balances. As a result, the Boston Bank announced a hile in its first quarter dividend to 6.76%, up from 5.25% for the first quarter last year, and 5.75% for the fourth quarter last year. The dividend will be paid to the Bank’s 425 members, including 125 credit unions, on March 2.
Processing Content
